Community Solar

Commercial solar owner and operator Summit Ridge Energy through its joint venture with Osaka Gas USA, acquired 19 community solar projects in Virginia for $250 million.

Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.

Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.

Energy provider Genie Energy’s fund manager subsidiary Sunlight Energy Investments has purchased a 12-project solar portfolio from small solar developer local to the Midwest.

Summit Ridge Energy has inked a $275 million financing from MUFG to expand its operations and project pipeline of community solar in Virginia and Illinois. The deal upsizes the existing $100 million partnership between Summit and MUFG.

Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.

Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.

Perch Energy, a community solar technology platform, has closed a $30 million investment from Nuveen in a series B round.

Nautilus Solar Energy has completed its issuance of $202 million senior secured notes to institutional investors in a private placement transaction.

Energy-focused investment firm Kimmeridge has invested $15 million in US Light Energy, a community solar project developer. The financing derives from Kimmeridge Carbon Solutions, a fund for carbon-neutral and carbon-reducing investments.